Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: Micron Technology Inc. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
should cheer the fact that its stock tanked following the FQ1 2025 earnings report. The move is a knee-jerk reaction to mixed results and guidance that point to near-term weakness and long-term strength, driven by its shift to AI.
Segmentally, DRAM sales grew by 20% sequentially and 86% year over year due to demand for HBM3 and supporting technology. HBM sales more than doubled, and SSD sales were also strong. The company cites a market share gain in the SSD segment and forecasts additional gains in the coming quarters. The stock price pulled back by 12% in early pre-market trading but may not have much deeper to move. The stock trades at a deep-value level and above critical support at the long-term moving average. There is a risk that Micron could fall below the $85 level, but that is not expected due to the low 11x earnings multiple, strength in results, and long-term outlook for industry-leading results driven by HBM3 demand.
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